To open long positions for EURUSD, it is required: Purchases of the euro failed again, and the movement continues to develop on the trend. It is best to consider new long positions after the formation of a false breakout at the level of 1.1513 or on a rebound from a new low in the region […]
To open long positions for GBP/USD, it is required: The only thing buyers of the pound can expect on Tuesday is a return to the resistance of 1.3268, a steadying on which may lead to an upward correction to the area of 1.3318, where I recommend profit taking. Otherwise, it would be best to consider […]
Overview The gold price is trading downwards moving away from 1,301.20 levels, which keeps our bearish overview valid for today. Our next main target is located at 1,285.90; a breach of 1,301.20 – 1,303.80 levels will stop the expected decline and lead the price to regain its main bullish track again. The expected trading range […]
Overview The silver price shows more sideways trading, settling around 16.56 levels staying within the sideways range, which lines are represented by the 16.15 support and the 16.80 resistance. We are waiting for the price to breach one of these levels to determine the next targets clearly. To review the details of the expected targets […]
Gold managed to bounce back above the 1300 key-level on Tuesday, though, the market continues to lack direction in the four-hour chart according to momentum indicators; the RSI continues to trend around its neutral threshold of 50, while the MACD is moving below its red signal line but above zero. In case the price corrects […]
The common European currency has plunged in recent weeks, as a combination of heightened political uncertainty in Italy, a slowing Eurozone economy, and an increasingly cautious tone by the ECB have taken their toll. In the midst of all this, the battered euro will look for some reprieve in Eurozone’s inflation data for May, due […]
Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit […]
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NZD/USD is under pressure. The pair is trading in a lower range, and is likely to test the next support at 0.6885 in the coming trading hours. A bearish cross has been identified between the 20-period and 50-period moving averages (a negative signal). Last but not least, the relative strength index is below its neutrality […]
All our downside targets which we predicted in yesterday’s analysis have been hit. GBP/JPY is expected to continue its downside movement and expected to remain below the key resistance at 145.35. the British pound is capped by a declining trend line in place since May 25 and by its declining 50-period moving average at JPY […]
Let’s take a look at some of the potential FX market movers scheduled for publication on Wednesday, the 30th of May. German Retail Sales for April are out first at 6 o’clock in the morning. Sales have contracted for four consecutive months now, but markets anticipate a rise in this publication. Swiss KOF Economic Barometer […]
On Wednesday at 1400 GMT, the Bank of Canada will announce its interest rate decision and issue its press release, explaining the factors behind the decision. For the fifth time, though, policymakers are expected to keep borrowing costs unchanged at 1.25% as NAFTA and the US trade agenda remain a source of uncertainty for the Canadian economy, while […]
This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to noon. Euro/Dollar took a slide of 130 pips to hit the daily low just 10 pips above the 1 15 level. Trading has been active, volume is a massive 179% up from the […]
• Cotton broke resistance level 0.9000 • Further gains are likely Cotton today rose sharply – breaking through the round resistance level 0.9000 (which reversed the price with the daily Japanese candlesticks reversal pattern Bearish Engulfing earlier this month, as can be seen below). The breakout of the resistance level 0.9000 is aligned with the […]
EURO GOLD prices jumped to 11-month highs as London and New York re-opened after the long holiday weekend on Tuesday, breaking above €1130 per ounce as Italy’s political mess saw Rome’s short-term borrowing costs jump to the highest since the peak of the Eurozone debt crisis in 2012. Giuseppe Conte, the chosen prime minister […]
The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous week’s consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred. Since April 13, significant […]
Daily Outlook The short-term outlook turns to become bearish as long as the EUR/USD pair keeps trading below the broken uptrend as well as the lower limit of the depicted consolidation range remains broken. Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. The […]
The USD/JPY currency pair shown an active downward interest and failed to break through the level of 108.50, whereas after the breakout, the quotation quickly rolled back above the level. Now, we can see a fluctuation in the value of 108.85, indicating increased volatility. At the same time, probably assuming that the bulls will try […]
US equities are set to open lower as markets worry about political turmoil in Italy. The week has started with risk off sentiment in Europe due to the potential of an Italian election within a few months which could result in a win for populist parties that could lead to Italy leaving the Euro. However, […]
Here are the latest developments in global markets: FOREX: The euro continued to bleed as the European trading session unfolded, with euro/ dollar touching 1.1506 at its lowest, this being a nadir last experienced in July last year. Political uncertainty in Italy, and to a lesser extent in Spain, were seen as factors behind the […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY,… April 15, 2024 Our weekly #TechnicalAnalysis looks at the key events that are…Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024 Will UK CPI […]
The dollar remains strong at the end of the month. Although the US currency has had several weeks of appreciation behind it and the latest signals from the Fed, ie readiness to accept the temporary intensification of inflation could suggest that a correction is necessary. The main driving force behind the dollar was the sharp […]
• EUR/JPY falling inside minor impulse wave 3 • Further losses are likely EUR/JPY has been falling sharply in the last few trading sessions inside the minor impulse wave 3 – which is a part of the longer-term downward impulse wave (3) from the end of April. Both of these impulse waves belong to the […]
Hello, you’re watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Tuesday. Euro/Dollar’s long term average spread is point 36 pips and peak separation has been 1 and a half pips. The pair has plummeted by a considerable 1.36% or 159 pips as it approached the 1 15 level. Despite […]
Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3023. According to the H1 time – frame, I found a rejection of the support trendline, which is a sign that selling looks risky and that buyers are in control. I also found a broken bullish flag pattern in the background, […]
Recently, the Gold has been trading upwards. As I expected, the price tested the level of $1,297.00. According to the H1 time – frame, I found a rejection of the support trendline, which is a sign that selling looks risky. My advice is to watch for a potential bullish flag and then for buying opportunities. […]
GER 30 The German Index has fallen further today after the turmoil in Italian politics sparks a risk off mood in Europe and further afield. The upward trend lines were broken last week on the 4 Hour chart with the red trend line breaking at the 13000.00 level which was then used as resistance. The […]
On 19th May, a genuinely unique event was organized in Warsaw, Poland, which took place with the sponsorship of XM: the Annual Investors’ Gala. During the past few years, Poland has given place to numerous events hosted or sponsored by XM, whether for seminars or financial exhibitions, thus marking our company presence in Poland and […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $6.990. Over the past few months, there has been an ongoing theoretical and ideological debate concerning the difference between mining nodes and non-mining nodes, and whether or not one set of nodes is more important than the other. The […]
To open long positions for GBP / USD pair, you need: You can buy the pound only if it breaks and consolidates above 1.3335, which will lead to the main target in the area of resistance at 1.3374 and 1.3412, where fixing profits are recommended. In case of the pound drops in the morning, purchases […]
